In a notification released on March 9, 2017, the RBI declared that sections 269SS and 269T will be applicable to NBFCs. These stipulations thus, add to the list of NBFC compliances in India. Before we […]
The Reserve Bank of India (RBI) is taking radical steps to ensure compliant, safe and healthy business practices from NBFCs. In the month of July 2018 alone, RBI canceled the license of over 100 NBFCs. RBI had blacklisted some of these organizations and […]
NBFC Microfinance institution (NBFC-MFI) is the financial institution in which a minimum net owned fund is Rs. 5 crores. But in the North Eastern region of the country, it is only Rs. 2 crore. ‘Qualifying assets’ are not less than 85% of its net assets. The income of the NBFC-MFI extracts […]
Non-Banking Financial Companies (NBFCs) have surely changed the landscape of the financial services sector in India. NBFCs have enabled many people to go on and pursue their goals without worrying for capital by providing credit facilities. Check out: Classifications of NBFCs. The Reserve Bank of […]
In financial terms, the buying of Non- Banking Financial Company (NBFC) is often called takeover of a business entity whether by consent, wherein the seller entity is ready to sell its assets to the entity acquiring or deliberately and secretly acquires the control over the business. When all the assets […]
